Emirates – stocks end the last of September sessions with a...

Emirates – stocks end the last of September sessions with a...
Emirates – stocks end the last of September sessions with a...
Source: (MENAFN – Al-Bayan)
  • Abu Dhabi – Rami Samih

Date: 01 October 2020 Local stocks strengthened their gains in the last session of September after its market capital gained more than 7.6 billion dirhams, driven by the continued selective buying of the leading stocks before the start of the quarterly results marathon in the coming days.

The market rose 0.91%, or 20.57 points, to close at 2,273.48 points, driven by gains in banking, investment and transportation shares in exchange for the property decline, while the Abu Dhabi market increased 0.52%, equivalent to 23.31 points, to close at 4,518.07 points, surpassing 4,500 points with the support of banking, communications, real estate and energy stocks.

The shares attracted liquidity by about 624.4 million dirhams, distributed by 356.6 million in Abu Dhabi and 267.9 million in Dubai, and 395.3 million shares were traded, including 300.9 million in Dubai and 94.4 million in Abu Dhabi through 5730 deals.

Dubai market

The rise of the Dubai market reinforced the rise of the banking sector 1.55% with the growth of ‘Emirates NBD’ 3.4%, while ‘Dubai Islamic’, and the investment sector increased by 1.24% on the impact of the gains of ‘Shuaa’ 1.85% and ‘Dubai Investments’ 1.77%, while the’ Dubai Financial Market fell 0.36 %.

The transport sector increased 1.03% with Aramex rising 1.91%, while Air Arabia stabilized, and Gulf Navigation decreased by 2.96%. While the real estate sector fell 0.21%, with Emaar Properties falling 0.71% and Damac 0.43%, while Deyaar and Emaar Development settled, Union Properties rose 0.68% and Emaar Malls 1.36%.

Al Salam Bank dominated the activity with a liquidity of 48.8 million dirhams, followed by Emaar Properties, 37.1 million dirhams, then Aramex 36.2 million, and Aman achieved the highest rate of rise by 11.65%, while Ithmaar Holding was the lowest by 4.92%.

Abu Dhabi Market

The rise in the Abu Dhabi market supported banks ‘gains by 0.54% with the growth of’ First Abu Dhabi ‘by 0.54% and’ Abu Dhabi Commercial ‘by 0.89%, the real estate sector increased by 0.39% with the rise of’ Aldar Properties ‘by 0.5%, while’ Ras Al Khaimah Real Estate decreased by 1.3%, and the telecommunications sector grew by 0.73%. %, With Etisalat up by the same percentage.

The energy sector grew 1.1% with ADNOC Distribution rising 2.03% and Energy 1.47%, while Dana Gas stabilized, and the investment sector remained unchanged, with Waha Capital rising by 4.75%, while Ishraq decreased by 0.95% and Al Alamiah Holding 0.51%. .

First Abu Dhabi leads the activity at 82.15 million dirhams, followed by Global Holding at 70.4 million dirhams. Julphar achieved the largest increase of 6.2%, while Sudatel declined the most, at 4.06%.


4 shares accounted for about 42% of the total liquidity, or the equivalent of 279.8 million dirhams, distributed by 82.1 million dirhams for the first Abu Dhabi share, 70.4 million for the global holding, 60.8 million for the Aldar and 48.8 million for the Salam Bank Bahrain. .


★ Finance House announced the launch of an electronic money transfer service, which allows all customers to send money in an easier and faster way, anywhere in the world.

★ Agthia has accepted the resignation of Mohamed Shawky, the Executive Vice President for Commercial Affairs, Consumer Division, as of yesterday, and appointed Dikat Bennett instead, at further notice.

★ The Board of Directors of Union Properties has approved the acquisition of an existing investment property in the Business Bay area in the Emirate of Dubai, at a value of 250 million dirhams, and to proceed with negotiations to acquire investment real estate assets in the UAE.

★ The Board of Directors of ‘Anne Digital Services Holding’ approved the appointment of Faisal Al Hatim as a representative of ‘West One General Trading Company’, in place of the resigning member of Al Shuraidah.


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